The markets have already largely discounted this result but we may see shares and the pound slipping a bit further.
Why did a huge crisis erupt when the pound slipped a few percent against the mark?
In London, the pound slipped to $1.5162 late yesterday.
But the British pound slipped to $1.5740 from $1.5755.
As the pound slipped, so did the lira, despite having already been devalued by 7 percent.
The British pound slipped to $1.5805, from $1.5810 in London.
In London, the pound slipped to $1.7145 from $1.7185.
In New York, the pound slipped to $1.5440 from $1.5460.
In other trading, the British pound slipped to $1.5125 from $1.5140.
Even the British pound has slipped by around 20 percent against the dollar in the past 13 months.